Penang Property Talk

[...] The Malaysian property market will see further pressure on prices if the US Federal Reserve increases the interest rate, [...]

[...] with Budget 2015, as the measures announced are too small to have an impact on the property market, said its president Siva Shanker. “I am disappointed with the announcement. The budget during [...]

[...] The property market will not see a downturn in 2015, despite the slowdown over the past three quarters, said [...]

[...] again this year, with residential properties priced around RM500,000, expected to drive the property market due to pent up demand. Zerin Properties CEO Previndran Singhe (pix) said the residential [...]

[...] with our weekly property updates Property Project: Tunas Ville Location : Bayan Lepas, Penang Property Type : Condominium Total Units: 360 Land Tenure : Freehold Built-up Area: 1,800 sq. ft. [...]

[...] sq.ft. onwards. Property Project : Pearl Residences Location : Batu Ferringhi, Penang Property Type : 3-Storey Semi-D Tenure : Freehold Total Units : 36 Built-up Area: 3,359 sq.ft. ( [...]

[...] updated with our weekly property updates Project Name : U1 Location : Batu Uban, Penang Property Type : Luxury Condominium Land Tenure : Freehold Developer : Asia Green Group Street [...]

[...] RM1,000 psf. onwards. Property Project: 18 East @ Andaman Location : Seri Tanjung Pinang, Penang Property Type : Seafront Resort Condominium Built-up Area: 877 sq.ft. onwards Total Units: 210 [...]

[...] affordable housing remains a huge concern for people in the state. Despite the move by the state government with the Penang Development Corporation (PDC) to initiate several projects which will [...]

[...] their rental or sell off their premises for profit. “It is very difficult for the state government to control property transactions.” In recent years, the city had also seen many of [...]

[...] upon, among others, TPD in due course, surrendering 77.3ha of reclaimed land to the state government, which is reportedly for infrastructure development of a new expressway, a new Gurney Drive [...]

[...] by the limited road system. Acknowledging calls for development controls, Chow said the state government had to look at ways to maximize land use to cater to Penang’s growing population. Inevitably, [...]

[...] units, 135 units of which are categorized under affordable housing. The registration for affordable units under The Clovers will be held at The Clovers Sales Gallery, Lengkok Merbah, Sungai Ara this [...]

[...] projects, only around 5% of them applied for projects with respect to the offering of affordable units (RM200,000 – RM400,000). This is way below the 13,851 affordable units planned by the [...]

[...] Housing Department (JPN) with an allocation of RM644 million. A total of 37,000 affordable units to be built under Rumah Mesra Rakyat (RMR), Rumah Idaman Rakyat & Rumah Aspirasi [...]

[...] ’. That’s why prices will continue to increase for popular areas even when more affordable units are built. In fact it will increase until everyone who can afford them has bought one [...]

[...] projects in the pipe-line which will see 22,545 units of low cost, low-medium cost and affordable housing units being built for Penangites. The details of the projects can be found in the link below: [...]

[...] ,000. The state government had justified the policy, saying this would allow for more affordable housing units to be built by private developers to arrest the problem of skyrocketing housing prices [...]

[...] housing for the people. “The reason why developers are not chipping in to build more affordable housing units is because of the so-called profit maximisation by industry players. It is either high- [...]

[...] to match or exceed this number in terms of provision of low cost, low medium cost and affordable housing units. Since the inception of SPEC in August 2013, a total of 7,291 applicants have been [...]

[...] in Seberang Jaya for the ‘Mission: Home-Possible’ road-show. It will showcase affordable housing projects, as well as assisting potential buyer to submit their completed application [...]

[...] is also in talks with the 1Malaysia People’s Housing Scheme (Pr1ma) to evaluate the affordable housing projects. “It is still at a discussion stage,” he said. Ahmad also said the 237 projects [...]

[...] 300k. 5 draws vs 1 draw for different package is also contradictory to the purpose of affordable housing projects... If this kind of scheme is allowed in the state affordable housing project, it will [...]

[...] growth.’ There are too many offices, malls, hotels and high-rise residentials and few affordable housing projects It was a somewhat sombre 8th Malaysian Property Summit on Wednesday with property [...]

[...] Information Centre, in the first half of 2014 (1H14), the number of transactions for residential units in Penang stood at 9,023, out of the total number of transactions for all properties of 12, [...]

[...] strata living is seen as affordable. The negative part is you have small plots of land with residential units densely packed together; a suffocating and uncomfortable setting to raise a family. So is [...]

[...] quite a fair bit to catch up. This is because we have only managed to build about 73,000 residential units per year for the last three years. Under Budget 2015, it is encouraging to note that the [...]

[...] . Within the established township of Teluk Kumbar in Penang, this development comprises 98 residential units with built-up size ranging from 1,119 sq.ft. onwards. With a gross development value (GDV) [...]